Itron, Inc. (NASDAQ:ITRI) Shares Bought by Aperio Group LLC

Aperio Group LLC raised its position in shares of Itron, Inc. (NASDAQ:ITRI) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,749 shares of the scientific and technical instruments company’s stock after buying an additional 143 shares during the period. Aperio Group LLC owned about 0.08% of Itron worth $2,219,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC raised its stake in shares of Itron by 56.2% in the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 681 shares during the period. SG Americas Securities LLC raised its stake in shares of Itron by 1.5% in the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 36 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Itron by 21.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 444 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Itron during the first quarter worth approximately $175,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Itron by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,680 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 95.25% of the company’s stock.

Shares of Itron, Inc. (NASDAQ ITRI) traded down 2.34% during trading on Friday, hitting $70.95. 103,529 shares of the company were exchanged. The company has a 50 day moving average of $71.57 and a 200-day moving average of $65.93. Itron, Inc. has a 1-year low of $47.20 and a 1-year high of $75.60. The stock has a market capitalization of $2.75 billion, a PE ratio of 87.81 and a beta of 1.10.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.03. Itron had a return on equity of 15.43% and a net margin of 1.60%. The firm had revenue of $503.10 million during the quarter, compared to the consensus estimate of $491.80 million. During the same period last year, the company earned $0.65 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. On average, analysts forecast that Itron, Inc. will post $3.07 earnings per share for the current year.

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ITRI has been the subject of a number of recent research reports. JMP Securities set a $88.00 price target on shares of Itron and gave the company a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of Itron from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Tuesday, May 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $78.00 price objective on shares of Itron in a report on Friday, July 14th. BidaskClub downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Guggenheim started coverage on shares of Itron in a report on Tuesday, June 20th. They set a “buy” rating and a $81.00 price objective on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $79.00.

About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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